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PTT’s Power Arm To Invest $635 Million In Renewable Energy Across Asia

Global Power Synergy, the power unit of Thailand’s state-owned oil and gas group PTT, will invest 20 billion baht equivalent to USD 635 million, in renewable energy assets across Asia including India and China. Global Power Synergy announced that it will be borrowing up to USD 635 million from parent PTT for investment chiefly in […]

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Foxconn In Partnership With Gigasolar For EV Battery Components

Taiwanese multinational electronics contract manufacturer, Foxconn announced a partnership with a solar cell material maker, Gigasolar Materials Corp., to develop electric vehicle (EV) battery materials. A Foxconn subsidiary has invested NT$995.2 million (New Taiwan Dollar) which is equivalent to USD 36 million, for the partnership with Gigasolar. The investment via a private placement through a […]

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Impact of Global Shift of Funds Away From Fossil Fuels on India: IEEFA

The International Energy Agency’s (IEA) Net Zero Emissions (NZE) roadmap by 2050 is compatible with the Paris goal of restricting the temperature increase to below 1.5 degree Celsius. As per the NZE roadmap, the use of unabated fossil fuels declines sharply to just over a fifth of the total energy supply. More than two-thirds of […]

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India Needs 4 Lakh Charging Stations for 20 Lakh EVs by 2026

According to a new report by Grant Thornton Bharat-Ficci, India needs around four lakh charging stations for 20 lakh electric vehicles (EVs) by the year 2026. The report that came on Sunday said that to achieve its target of 100 percent electric mobility by 2030, India needs to focus on key points, including increasing government […]

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Clean Energy Investment in Developing Economies a Global Priority: IEA

New report from IEA, in collaboration with World Bank and World Economic Forum, shows concerted international efforts are needed for a sustainable and resilient economic future in developing world The world’s energy and climate future increasingly hinges on whether emerging and developing economies are able to successfully transition to cleaner energy systems, calling for a […]

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Wind-based Electrification Will Drive Europe to Net Zero: WindEurope

Electrification is the most cost-effective way to decarbonise Europe’s economy according to a report from ETIPWind and WindEurope out today. Wind energy will lead the process: the EU sees it being half of Europe’s electricity by 2050. With the right investments in grids and technology, the combined rate of direct and indirect electrification will be […]

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Forsee Power Starts Light EV Battery Production In India

European multinational producer of smart lithium-ion electric vehicle (EV) battery systems, Forsee Power, that entered the Indian market in 2020, has begun the production of a series of EV batteries for electric two and three-wheelers at its Pune plant. As a manufacturer and supplier of energy management systems in Europe, Asia, and North America, Forsee […]

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Volkswagen Delivers E-Cars to Greek Island of Astypalea

The German automaker, Volkswagen has delivered eight electric vehicles to the Greek island of Astypalea on Wednesday, to put the island is on course to become a smart, sustainable island over the next five years.   This move is a part of a mission ‘Greece 2.0’ of the Greek Government, this mission aims to transform the […]

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MoRTH Proposes Exempting EVs from Registration and Renewal Fees

The Ministry of Road Transport and Highways (MoRTH), in its ongoing efforts to support the EV ecosystem, has proposed some new steps. This time, MoRTH has issued a draft notification proposing the exemption of battery-operated vehicles i.e. EVs from the registration fee and its renewal charges. MoRTH issued this amendment in a statement, “Provided further […]

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